Pharma Investments, Ventures & Law Weekly
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Gibson Energy Ulc
Gibson Energy ULC closes offering of First Lien Senior Secured Notes due 2014, repays U.S.$545 million of bridge loans
June 14th, 2009
Gibson Energy ULC ("Gibson") announced that it has successfully completed its previously announced offering of U.S.$560 million of 11.75% First Lien Senior Secured Notes due 2014 (the "Notes"). The Notes were issued at 97.2706% of the aggregate principal amount to yield 12.50%. Gibson used the net proceeds from the offering, together with cash on hand, to repay in full its existing U.S.$545 million bridge loans, to pay the accrued interest on the bridge loans and to pay the fees and expenses in connection with the offering and the repayment of the bridge loans. These Notes have not been registered under the Securities Act of 1933 or any state securities laws and may not...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-14)
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